(Australia-NewsWire.Com, February 12, 2018 ) The Asia-Pacific Pharmaceutical Membrane Filtration market size was approximately USD 2.4 billion in 2016. It is expected to grow at the highest CAGR of 7.9% to reach USD 3.51 billion by 2021. Presently, it commands about 16% of the global market share which is third largest after North America and Europe respectively.
Almost all industrial approaches for the substances to pass between two segments using permeable membranes is covered by membrane technology. Usually, membrane technology is utilized in machine-driven separation processes for segregating gaseous or liquid streams. Membrane separation processes use less energy than straight thermal separation processes such as distillation, sublimation or crystallization because they function without heating. Both segments (permeate and retentate) can be utilized for separation which is purely physical.Wider adoption of the nanofiltration technology, growing biopharmaceutical industry, and rapid development in generics production are the causes driving this market. Stringent regulatory requirements and rising prices are inhibiting the growth of this market.
The Asia-Pacific Pharmaceutical Membrane Filtration market can be categorized into three categories: by product, by technique, and by application. On the basis of product, Pharmaceutical Membrane Filtration market is classified into MCE Membrane Filters, Coated Cellulose Acetate Membrane Filters, Nylon Membrane Filters, PTFE Membrane Filters, PVDF Membrane Filters and Other Membrane Filters. The MCE membrane filters category is estimated to account for the biggest market share in 2016. This is majorly attributed to the high adoption rate of membrane filtration products.
If we go by technique, Pharmaceutical Membrane Filtration market is segmented into Microfiltration, Ultrafiltration, Nanofiltration, Cross filtration, Reverse Osmosis and Ion Exchange. The microfiltration category is estimated to grow at the highest CAGR during the aforementioned forecast period. This can be attributed to the high rates of production of pharmaceutical products and drugs. Further, on the basis of application the market can be categorized into Final Product Processing, Raw Material Filtration, Cell Separation, Water Purification and Air Purification. The final product processing category is estimated to growth at the highest rate during the aforementioned forecast period.
By geography, the Asia-Pacific Pharmaceutical Membrane Filtration market has been segmented into China, India, Japan, South Korea, and Australia. It has the highest CAGR.
Key companies in the pharmaceutical membrane filtration market comprise Merck KGaA (Germany), General Healthcare Company (U.K.), Pall Corporation (U.S.), Sartorius Stedim Biotech Group (France), Alfa Laval (Sweden), Graver Technologies, LLC (U.S.), Koch Membrane Systems Inc. (U.S.), GEA Group (Germany), and Novasep (U.S.)
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